Regulation/Legislation

Connecticut Attorney General Richard Blumenthal announced that The Hartford Financial Services Group, Inc. has settled reinsurance price fixing allegations for $1.3 million.

Senate Democratic leaders said an amendment repealing the antitrust exemption for health and medical malpractice insurers would be up for discussion when the Senate works on its health insurance reform legislation.

California Insurance Commissioner Steve Poizner has announced regulations that will allow insurers to offer pay-as-you-drive insurance products in the state.

Businesses emitting greenhouse gases that cause global warming face imminent liability problems, and they should secure insurance coverage to protect themselves, a legal expert is warning.

Contingent commissions could represent a conflict for insurance brokers but it can be managed, former New York Insurance Superintendent Eric Dinallo said.

The board of directors of the Bermuda Monetary Authority has announced that Jeremy Cox was appointed chief executive officer of the Authority, effective Jan. 1, 2010.